James Carter Homes Limited - Accounts to registrar - small 17.1.1
James Carter Homes Limited - Accounts to registrar - small 17.1.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 January 2017 |
| for |
| James Carter Homes Limited |
| James Carter Homes Limited (Registered number: 07510262) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| James Carter Homes Limited |
| Company Information |
| for the Year Ended 31 January 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 5 Crescent East |
| Thornton Cleveleys |
| Lancashire |
| FY5 3LJ |
| James Carter Homes Limited (Registered number: 07510262) |
| Balance Sheet |
| 31 January 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks | 4 |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| James Carter Homes Limited (Registered number: 07510262) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2017 |
| 1. | STATUTORY INFORMATION |
| James Carter Homes Limited is a |
| Wales. The company's registered number and registered office address can be found on the Company |
| Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents income from house sales. |
| Tangible fixed assets |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in |
| equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been |
| enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
| expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
| that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| James Carter Homes Limited (Registered number: 07510262) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Freehold | Computer |
| property | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2016 |
| and 31 January 2017 |
| DEPRECIATION |
| At 1 February 2016 |
| Charge for year |
| At 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| At 31 January 2016 |
| 4. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Stocks |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors | 5,000 | 5,000 |
| Fylde Joinery Ltd loan account | 288,233 | 118,045 |
| Fylde Investment Properties |
| FJBS Holdings Ltd | 1,000 | 1,000 |
| VAT |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Social security and other taxes |
| Deposits held | 1,000 | 1,750 |
| Fylde Joinery Property loan | 807,342 | 1,161,164 |
| Accrued expenses |
| James Carter Homes Limited (Registered number: 07510262) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 7. | RELATED PARTY DISCLOSURES |
| The company was under the control of Mr and Mrs O'Toole throughout the current and previous year. |
| Mr O'Toole is the managing director. Mr S Speight and Mr H Carter were also directors during the |
| year. |
| During the year, Mr O'Toole was paid a director's salary from the company of £7,681. |
| During the year, Mrs O'Toole was paid a director's salary from the company of £7,681. |
| During the year, Mr Speight was paid a director's salary from the company of £7,680. |
| During the year Mr Speight received dividends from the company amounting to £46,319. |
| Mr & Mrs O'Toole jointly own the premises from which the company trades and charge rent to the |
| company of £11,909 per annum. |
| The ultimate parent company of James Carter Homes Ltd is Fylde Joinery & Building Services |
| Holdings Ltd. Mr and Mrs O'Toole each own a 50% shareholding in Fylde Joinery and Building Service |
| Holdings Ltd. |
| 8. | GOING CONCERN |
| The company has liabilities which exceed its assets. The directors have agreed to continue to support |
| the company. |